Mr Price Group (JSE:MRP) Retained Earnings : R0 Mil (As of Sep. 2023)

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What is Mr Price Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Mr Price Group's retained earnings for the quarter that ended in Sep. 2023 was R0 Mil.

Mr Price Group's quarterly retained earnings increased from Sep. 2022 (R0 Mil) to Mar. 2023 (R15,064 Mil) but then declined from Mar. 2023 (R15,064 Mil) to Sep. 2023 (R0 Mil).

Mr Price Group's annual retained earnings increased from Mar. 2021 (R12,650 Mil) to Mar. 2022 (R14,051 Mil) and increased from Mar. 2022 (R14,051 Mil) to Mar. 2023 (R15,064 Mil).

Mr Price Group Retained Earnings Historical Data

The historical data trend for Mr Price Group's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Mr Price Group Retained Earnings Chart

Mr Price Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Retained Earnings

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9,902.00

10,545.00

12,650.00

14,051.00

15,064.00

Mr Price Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Retained Earnings	Get a 7-Day Free Trial															-	14,051.00	-	15,064.00	-

Mr Price Group Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Mr Price Group (JSE:MRP) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Mr Price Group (JSE:MRP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Mr Price Group Ltd (JSE:MRP) » Definitions » Retained Earnings

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MRPLY:USA

Address

65 Masabalala Yengwa Avenue, Upper Level Durban Station Complex, Stamford Hill, North Concourse, Durban, NL, ZAF, 4001

Website

https://www.mrpricegroup.com

Mr Price Group Ltd is a retailer that sells proprietary-branded apparel and home goods through more than a thousand stores and online channels. It operates almost exclusively in Africa, with the vast majority of sales coming from South Africa. Its stores are concept-specific: mrp, the company's primary store, sells clothes, shoes, and accessories targeting young men and women; mrpSport stores sell sports apparel, equipment, footwear, and accessories; Miladys sells clothing for family-oriented women; mrpHome sells homeware and furniture, and Sheet Street sells home textile and decor products.

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